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improvements at the expiration of a lease is of little value to the City or Airport if the <br />improvements are not representative of Airport standards or suitable for lease to a desirable tenant <br />at rates meeting Airport expectations. Particular attention should be focused on major cost issues <br />such as foundations, structural components of buildings, roofs, wall systems, hangar doors, <br />electrical systems, etc. Sheet metal roofs and walls should be maintained to be free from leaks and <br />significant damage and should be painted as necessary to prevent and retard rusting and to enhance <br />appearance as original finishes deteriorate. Painting, carpeting, and other similar items are typical <br />of maintenance and lease expenses expected of tenants. Good maintenance is an annual, on-going <br />obligation. Any level of clutter, junky or unkempt appearance will not be tolerated. <br /> <br />1/III. ENVIRONMENTAL CONDITION OF LEASEHOLD <br /> <br />Tenant shall conduct its operation and maintain the leasehold in such a manner as to be free of <br />environmental contamination. <br /> <br />IX. COMPLIANCE WITH CITY BUILDING CODE <br /> <br />Construction of all private hangars shall be conducted in full conformance with the City's Building <br />Code, including the payment of all building inspection fees or other fees associated with <br />construction. All necessary plans required for review and approval of the project shall be timely <br />submitted. Any and all provisions of the City's Building Code applicable to hangar structures shall <br />be complied with in full. <br /> <br />X. TIME FOR CONSTRUCTION <br /> <br />All privately built hangars shall be constructed within eighteen (18) months of approval of a lease <br />agreement. Failure to timely complete construction of the hangar shall be considered a breach of <br />the lease agreement and subject the tenant to all customary remedies for such breach. <br /> <br />XI. USE OF THE HANGAR <br /> <br />The hangar shall be used in accordance with the City's established policy for airport purposes only <br />and in conformance with the requirements of the City's master lease agreement. For all new lease <br />agreements covered under this policy, no hangar shall be used as a residence or shall be used for <br />residential purposes. However, such items as a sink, bathroom, or associated facility to allow <br />temporary overnight stay or perhaps occasional social uses of a portion of the hangar, will be <br />permitted. <br /> <br />XII. TAXES <br /> <br />The tenant shall be responsible for all taxes, if any, including ad valorem taxes or other similar <br />taxes, which may be assessed upon the hangar and other improvements, or any other equipment or <br />property associated with the hangar. The lease shall require the tenant to accept full responsibility <br />for payment of such taxes and to indemnify the City for any such payment. <br /> <br />XIIL INSURANCE <br /> <br />Cox Field Airport <br />Lease Policy <br /> <br />Page 3 <br /> <br /> <br />